DUEAS ESTEBAN GAUMA JALALAIN LAGMAN LOBOS

ESPEJON FERNANDO HONRADO JARAMILLA LLADO

BUSINESS FINANCE ASSIGNMENT

GROUP # 3 G12 03

1. What do you think is your edge among your competitors?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE

Our edge among our For us, our edge among For us the edge of our Having a lot of
competitors is that we our competitors is that business against our competitors is a real
serve our customers we sell primary food competitors is that we challenge but for us the
with hospitality and we with quality of taste, have a unique products edge of our business is
make sure that the along with our good that will attract the that we make sure that
foods that we serve is sense of humor. customers, and have a our customers are
presentable. really good place. satisfied with what they
buy in our store.

2. How do you deal with your customers specially those who are
demanding?
DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
We deal with our Having a business like We do recommend a We deal with our
customers by always this we deal with different item/product demanding customers
being reasonable and demanding customers to our customers to by being patient and do
apologizing to them for by understanding them satisfy their wants. our best in serving
what happened to and cool. them to uphold service
avoid bad rumors and quality.
excuses.

3. How do you deal with your direct competitors?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
We deal with our direct By having patience to We deal with our We deal with them by
competitors by our customers and competitors by showing cooking our foods fresh
changing the menu always serving them all of our products so right before a customer
everyday so that the with a smile. that the customers will buys them.
customers wont get be attracted to buy our
used to the same viand. products.
DUEAS ESTEBAN GAUMA JALALAIN LAGMAN LOBOS
ESPEJON FERNANDO HONRADO JARAMILLA LLADO

4. Does having a same product with your competitors affect your confidence
and motivations?
DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Competitors do not Having the same For us, it doesnt Sometimes competitors
affect our business, products with my matter, being affected affect my confidence,
because we believe competitors will not with them is not good in especially when we see
that we have a good affect my confidence running a business. there are stalls having a
service and quality of and motivation, as long Instead we do our best lot of customers. But
products to provide as we did our best in to give our customer a our motivation in our
with our customers. serving our customers, best service. job helps us to do our
theres no need to be work.
worried.

5. How does the weather affects your business operations?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Generally when the When the weather is It really affects our If the weather is not so
weather is bad it does bad, we will have a few business operations good there will fewer
not really affects our customers because the since our kiosk is customers in our store
business operations students and other outside the building. since we are only
since we our inside the school officials will covering our store with
Green building and can choose to stay inside tents in the university
still eat inside the building. grounds.
comfortably.

6. How many is the estimated customers a day?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Regarding with our Based on our By examining this shop By observing the kiosk
observations we observations, the we concluded that the and with their products
viewed that our stores customer would number of customers is we distinguished that
customers would be range from 100 200 a ranging from 50 100 the number of our
from 150 400. day. customers. store would be from
100 300 a day.
DUEAS ESTEBAN GAUMA JALALAIN LAGMAN LOBOS
ESPEJON FERNANDO HONRADO JARAMILLA LLADO

7. How much is your estimated income per day?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Our estimated income In our business, the When the weather is Our estimated income
per day is Php 20, 000. estimated income is good, our estimated a day is about Php
ranging from Php 9,000 income is Php 5,000, 10,000.
to 10,000 a day. but when the weather
is bad our income can
be Php 2,000.

8. What are the weaknesses of your business?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
When there are kiosks The way of our The bad weather, it We do have a lot of
inside the university. preparations unlike the really affects our sales direct competitors,
First is that it is near, store in the basement, (decreases) because their process of cooking
second is that the foods we cannot leave any of our store is only the food and preparing
are ready for take-out. our equipments so it covered by a tent that it because most of the
We see those factors as takes us a little bit we really need to put an students prefer to eat
weaknesses since most longer before we start effort on not making freshly cooked foods on
of the students now selling. our products wet. the go.
dont have enough time
to go down to the
cafeteria.

9. Where does the customers most prefer to eat?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
The customers prefer The customers prefer Not applicable. The customers prefer to
to eat on the kiosks to eat in the kiosk eat in the kiosk because
because they will find it because they can get they can take their
very convenient their food as fast as foods inside their
because it is just right they could. rooms and customers
outside the building. could eat foods with
the ranging price from 1
peso to 35 pesos.
DUEAS ESTEBAN GAUMA JALALAIN LAGMAN LOBOS
ESPEJON FERNANDO HONRADO JARAMILLA LLADO

10. What are your business expenses?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Our business expenses Based on our business In our store, our Our business expenses
ranges to Php 4,000 to expenses it ranges to business expenses would be the utilities
Php 5,000 which we do Php 3,000 to Php 5,000. would be just our and all the ingredients
pay for our sellers and That is composed of purchases since we are that we need for our
to operate the utilities expenses and a buy and sell type of business that ranges
business. salary expenses. business. from Php 4,000 to Php
5,000.

11. In your day-to-day business operations, how long it takes you to prepare
your store?
DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
In our day-to-day Our food stall is It only takes us 30 Our food stall is
business operations, it composed of rice meals minutes to prepare our composed of street
takes us 3 hours to such as porkchops and store. foods such as kwek-
prepare our store. fried dishes with rice in kwek, and any qiual
abowl. We observed eggs, mostly fried etc.
that they needed 1 to 1 Thats why it takes only
hour to cook and 30 45 minutes to cook
prepare. More time for and prepare. Lesser
them because of their time it takes than the
complete meal dishes. others.

12. How many sellers/personnel do you have?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
In total, we have 6 We do have 2 sellers. We have 3 sellers, We have 3 sellers.
personnels in our including me (owner).
store.
DUEAS ESTEBAN GAUMA JALALAIN LAGMAN LOBOS
ESPEJON FERNANDO HONRADO JARAMILLA LLADO

13. Do you find your place as an advantage? Why?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Yes, because being Yes, because based on We do consider our We find our store as an
inside the school the demands of the store as an advantage advantage because we
cafeteria we students we have a because we are the sell foods that is very
accommodate a lot of great quality of foods in only one that sells these affordable to all of the
students, teachers and our store. kind of things. students and even
university staffs. teachers.

14. What is your business strategy?

DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
We guarantee our In our store we offer In our shop we provide To attract more
customers with a lot some viands that are some products that are customers we offer
choices by changing our affordable and tasty for different from all the some different sauces
menu and it helps our our loyal customers. kiosks and offer and changing some
business to answer all products that are really commonly cooked
the wants of our affordable and suitable foods into a tastier food
customers and lastly it for students. and a very affordable
motivates our business one.
to continue and
develop our strategy.

15. Does your store can still operate even if it is not a Civil Service Month?
DADDY RACK OMJ FHOUSE JEWELRY SHOP ALING JOSIE
Our edge among our Our store can still Yes, because they have Yes because we still
competitors is that we operate outside the their group that have our stall inside the
serve our customers school and have some manage their schedules cafeteria.
with hospitality and we stalls in other places that dedicates where
make sure that the too. they can sell their
foods that we serve is products.
presentable.